Introduction

Tatsuro Ichiishi and Akira Yamazaki
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Tatsuro Ichiishi: Hitotsubashi University, Japan
Akira Yamazaki: Hitotsubashi University, Japan

Chapter 1 in Cooperative Extensions of the Bayesian Game, 2006, pp 3-5 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractSince the 1970s, we have seen voluminous literature on the analysis of economic problems with asymmetric information. Harsanyi's (1967/68) Bayesian game and Bayesian equilibrium have served as a conceptual foundation for these analyses. While the literature provided new insights into the workings of the present-day economy which the traditional neoclassical paradigm failed to analyze, many works actually postulated a quite restrictive mode of players' interaction, that is, the principal-agent relationship (Stackelberg's leader-follower relationship), a specific instance of the noncooperative game…

Keywords: Cooperative Game; Bayesian Incentive Compatible Core; n-Person Game; Strategy Choice; Pure Exchange Economy; Anonymous Coalition Formation (search for similar items in EconPapers)
JEL-codes: C4 C5 C6 C7 (search for similar items in EconPapers)
Date: 2006
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